Efficiently Get Mumbai Silver (XAG-MUMB) Historical Prices using this API
Efficiently Get Mumbai Silver (XAG-MUMB) Historical Prices using this API
In the ever-evolving landscape of financial technology, the ability to access real-time and historical data for precious metals is crucial for developers and analysts alike. One of the most sought-after metals is silver, represented by the symbol XAG. This blog post will delve into how to efficiently retrieve historical prices for Mumbai Silver (XAG-MUMB) using the Metals-API. We will explore the capabilities of this API, its endpoints, and how it can empower developers to create innovative applications that leverage real-time metals data.
About Silver (XAG)
Silver, known by its chemical symbol XAG, is not only a precious metal but also a critical component in various industrial applications. Its unique properties make it valuable in electronics, solar panels, and medical devices. As technology advances, the demand for silver in manufacturing processes continues to grow, leading to innovations in smart manufacturing and supply chain technology.
In the digital marketplace, silver's price is influenced by numerous factors, including market demand, geopolitical events, and economic indicators. Understanding these dynamics is essential for developers who wish to integrate silver pricing into their applications. The Metals-API Documentation provides comprehensive guidance on how to access this data effectively.
API Description
The Metals-API is a powerful tool designed for developers seeking to access real-time and historical data for various metals, including silver. This API offers a range of endpoints that enable users to retrieve the latest rates, historical prices, and even perform conversions between different metals and currencies. The transformative potential of real-time metals data allows developers to build next-generation applications that can analyze market trends, forecast prices, and provide valuable insights to users.
With the Metals-API, developers can harness the power of data to create applications that cater to traders, investors, and businesses involved in the metals market. The API's capabilities extend beyond mere data retrieval; it empowers users to make informed decisions based on accurate and timely information.
Key Features and Endpoints
The Metals-API offers a variety of endpoints, each designed to fulfill specific needs. Here are some of the key features:
- Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, the API updates this data every 60 minutes or every 10 minutes, ensuring you have the most current information at your fingertips.
- Historical Rates Endpoint: Access historical rates for silver dating back to 2019. By appending a specific date to your query, you can retrieve past prices, which is essential for trend analysis and forecasting.
- Bid And Ask Endpoint: This feature allows you to retrieve real-time bid and ask prices for silver, providing insights into the current market conditions and helping traders make informed decisions.
- Convert Endpoint: The conversion endpoint enables you to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
- Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is invaluable for analyzing price movements over specific periods.
- Fluctuation Endpoint: Track how silver prices fluctuate on a day-to-day basis. This feature provides insights into market volatility and can help in risk management strategies.
- Carat Endpoint: Retrieve information about gold rates by carat, which can be useful for applications focused on jewelry and precious metal trading.
- Lowest/Highest Price Endpoint: This endpoint allows you to query the API to get the lowest and highest price of silver over a specified period, aiding in market analysis.
- Open/High/Low/Close (OHLC) Price Endpoint: Get the open, high, low, and close prices for silver, which are critical for technical analysis.
- Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a broader context for market analysis.
- API Key: Your unique API key is essential for accessing the API's features. It must be included in your requests to authenticate your access.
- API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
- Available Endpoints: The Metals-API includes 14 endpoints, each providing different functionalities to cater to various user needs.
- Supported Symbols Endpoint: This endpoint returns all available metal symbols, allowing developers to easily identify the metals they can work with.
- News Endpoint: Retrieve the latest news articles related to various metals, keeping users informed about market trends and developments.
List of Symbols
The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.
API Endpoint Examples and Responses
Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various endpoints along with their expected JSON responses:
Latest Rates Endpoint
Get real-time exchange rates for all available metals.
{
"success": true,
"timestamp": 1768090556,
"base": "USD",
"date": "2026-01-11",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744,
"XCU": 0.294118,
"XAL": 0.434783,
"XNI": 0.142857,
"XZN": 0.344828
},
"unit": "per troy ounce"
}
Historical Rates Endpoint
Access historical exchange rates for any date since 1999.
{
"success": true,
"timestamp": 1768004156,
"base": "USD",
"date": "2026-01-10",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}
Time-series Endpoint
Get exchange rates for a specific time period.
{
"success": true,
"timeseries": true,
"start_date": "2026-01-04",
"end_date": "2026-01-11",
"base": "USD",
"rates": {
"2026-01-04": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-06": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-01-11": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}
Convert Endpoint
Convert any amount from one metal to another or to/from USD.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1768090556,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}
Fluctuation Endpoint
Track rate fluctuations between two dates.
{
"success": true,
"fluctuation": true,
"start_date": "2026-01-04",
"end_date": "2026-01-11",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
},
"XAG": {
"start_rate": 0.03825,
"end_rate": 0.03815,
"change": -0.0001,
"change_pct": -0.26
},
"XPT": {
"start_rate": 0.000915,
"end_rate": 0.000912,
"change": -3.0e-6,
"change_pct": -0.33
}
},
"unit": "per troy ounce"
}
OHLC (Open/High/Low/Close) Endpoint
Get OHLC data for a specific time period.
{
"success": true,
"timestamp": 1768090556,
"base": "USD",
"date": "2026-01-11",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
},
"XAG": {
"open": 0.03825,
"high": 0.0383,
"low": 0.0381,
"close": 0.03815
},
"XPT": {
"open": 0.000915,
"high": 0.000918,
"low": 0.00091,
"close": 0.000912
}
},
"unit": "per troy ounce"
}
Bid/Ask Endpoint
Get current bid and ask prices for metals.
{
"success": true,
"timestamp": 1768090556,
"base": "USD",
"date": "2026-01-11",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
},
"XAG": {
"bid": 0.0381,
"ask": 0.0382,
"spread": 0.0001
},
"XPT": {
"bid": 0.000911,
"ask": 0.000913,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}
Conclusion
In conclusion, the Metals-API offers a robust solution for developers looking to access historical prices and real-time data for silver and other metals. By leveraging its various endpoints, developers can create applications that provide valuable insights into market trends, enabling users to make informed decisions. The API's capabilities extend beyond simple data retrieval; it empowers users to analyze fluctuations, convert currencies, and access the latest news related to metals.
For those interested in integrating silver pricing into their applications, the Metals-API Documentation is an invaluable resource. It provides detailed information on how to utilize the API effectively, including endpoint descriptions, parameter details, and example responses. Additionally, the Metals-API Supported Symbols page offers a comprehensive list of available metal symbols, ensuring developers have all the information they need to get started.
As the demand for real-time metals data continues to grow, the Metals-API stands out as a powerful tool for developers aiming to innovate in the financial technology space. By utilizing this API, you can unlock the potential of silver pricing data and create applications that meet the needs of traders, investors, and businesses alike.